Sabine Royalty Trust (NYSE:SBR) Reaches New 1-Year Low – Here’s Why

Sabine Royalty Trust (NYSE:SBR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $58.25 and last traded at $58.25, with a volume of 21666 shares traded. The stock had previously closed at $61.79.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

Sabine Royalty Trust Stock Down 2.1 %

The stock has a market capitalization of $882.10 million, a price-to-earnings ratio of 9.32 and a beta of 0.25. The company has a 50 day simple moving average of $66.81 and a 200-day simple moving average of $64.47.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. The business had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.3012 dividend. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $3.61 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Monday, March 17th. Sabine Royalty Trust’s dividend payout ratio is presently 110.62%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in Sabine Royalty Trust during the fourth quarter valued at about $39,000. Campbell Capital Management Inc. purchased a new position in Sabine Royalty Trust in the fourth quarter valued at about $52,000. JPMorgan Chase & Co. grew its position in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares during the period. BankPlus Trust Department purchased a new stake in shares of Sabine Royalty Trust during the 4th quarter worth approximately $91,000. Finally, Virtus ETF Advisers LLC increased its stake in shares of Sabine Royalty Trust by 14.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company’s stock worth $189,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.